FARIA EDUCATION LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-09-18 (in 4mo)
Last made up 2025-09-04
Watchouts
Cash
£2M
+35.9% highest in 5 filed years
Net assets
-£21M
-28.9% lowest in 5 filed years
Employees
178
+4.1% highest in 5 filed years
Profit before tax
-£5M
-47.9% vs 2023
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
1 PSC ceased in last 24 months
Significant control changed hands — see the Ownership section.
Net assets
7-year trend · vs Industrials median
Accounts
7-year trend · latest reflected 2024-12-31
| Metric | Trend | 2019-01-01 | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | — | — | — | £22,338,928 | £22,035,034 | |
| Operating profit | — | — | — | — | — | -£880,576 | -£2,457,337 | |
| Profit before tax | — | — | — | — | — | -£3,265,584 | -£4,828,539 | |
| Net profit | — | -£130,316 | — | -£885,482 | -£139,090 | -£3,323,511 | -£4,867,189 | |
| Cash | — | £117,542 | — | £67,790 | £184,359 | £1,768,789 | £2,403,357 | |
| Total assets less current liabilities | — | £15,041,673 | — | £15,739,673 | £14,017,101 | — | — | |
| Net assets | — | £15,041,673 | — | £14,156,191 | £14,017,101 | -£16,650,876 | -£21,470,576 | |
| Equity | £15,171,989 | £15,041,673 | £15,041,673 | £14,156,191 | £14,017,101 | -£16,650,876 | -£21,470,576 | |
| Average employees | — | 13 | — | 16 | 22 | 171 | 178 | |
| Wages | — | £836,456 | — | — | — | £7,217,691 | £9,605,023 | |
| Directors' remuneration | — | — | — | — | — | £605,457 | £1,104,185 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
-1.4%
£22,338,928 £22,035,034
-
Cash
+35.9%
£1,768,789 £2,403,357
highest in 5 filed years
-
Net assets
-28.9%
-£16,650,876 -£21,470,576
lowest in 5 filed years
-
Employees
+4.1%
171 178
highest in 5 filed years
-
Operating profit
-179.1%
-£880,576 -£2,457,337
-
Profit before tax
-47.9%
-£3,265,584 -£4,828,539
-
Wages
+33.1%
£7,217,691 £9,605,023
highest in 3 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2019-01-01 | 2019-12-31 | 2020-01-01 | 2020-12-31 | 2021-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | — | — | — | -3.9% | -11.2% | |
| Net margin | — | — | — | — | — | -14.9% | -22.1% | |
| Gearing (liabilities / total assets) | — | — | — | — | — | 126.3% | 134.8% | |
| Current ratio | — | — | — | — | — | 0.55x | 0.55x | |
| Interest cover | — | — | — | — | — | -0.37x | -1.02x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- FARIA EDUCATION LIMITED 2016-09-30 → present
- FARIA SYSTEMS LTD 2016-07-25 → 2016-09-30
Audit & accounting basis
- Accounting basis
- IFRS
- Reporting scope
- Consolidated group
- Auditor
- Buzzacott Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting is appropriate. We have not identified any material uncertainties relating to events or conditions that may cast significant doubt on the Group's or the Parent Company's ability to continue as a going concern for at least twelve months.”
Group structure
- FARIA EDUCATION LIMITED · parent
- ManageBac Inc 100%
- Faria UK Holdco Limited 100%
- Faria UK Holdco II Limited 100%
- Faria UK Holdco III Limited 100%
- Rubicon West LLC 100%
- Dynamic Internet Solutions LLC 100%
- EveryBuddy Limited 100%
- GEMS Pamoja Limited 100%
- Hsquared Education GmbH 100%
- Pamoja Education Limited 100%
- Oxford Study Courses (Australia) Pty Ltd. 100%
- Wolsey Hall Oxford International Limited 100%
- Oxford Digital Learning Limited 100%
- Oxford Study Courses, Inc. 100%
Significant events
- “The focus of this year has been to put foundations in place to deliver transformation and growth, including building a best-in-class leadership team and significant investment in Marketing, strategic hires, accounting, sales and associated systems. AI-based features were released in ManageBac and Atlas, Sports Portal in SchoolsBuddy, and major OpenApply CRM/Advancement improvements.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
3 active · 9 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| FIGLIN, Oleg | Director | 2025-12-15 | Dec 1977 | British |
| HOVERMALE, Mackenzie Teresa | Director | 2019-11-27 | Dec 1989 | American |
| FARIA EDUCATION GROUP LIMITED | Corporate Director | 2016-07-25 | — | — |
Show 9 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| AVERY LAW COSEC LTD | Corporate Secretary | 2021-05-24 | 2025-12-31 |
| TAYLOR WESSING SECRETARIES LIMITED | Corporate Secretary | 2016-07-25 | 2021-05-24 |
| BURSBY, Richard Michael | Director | 2016-07-25 | 2016-07-25 |
| JALAN, Saurabh | Director | 2016-07-25 | 2021-04-26 |
| KING, Theodore Walker Cheng-De | Director | 2018-05-01 | 2023-11-23 |
| NIERRAS, Angelica Wu | Director | 2023-11-23 | 2025-12-15 |
| NIERRAS, Angelica Wu | Director | 2017-06-01 | 2021-07-02 |
| HUNTSMOOR LIMITED | Corporate Director | 2016-07-25 | 2016-07-25 |
| HUNTSMOOR NOMINEES LIMITED | Corporate Director | 2016-07-25 | 2016-07-25 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Lattice Group Holdings Topco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2025-11-19 | Active |
| Greg Wallace | Individual | Shares 50–75%, Voting 50–75% | 2022-05-04 | Ceased 2025-11-17 |
| Theodore Walker Cheng De King | Individual | Shares 25–50%, Voting 25–50% | 2016-07-25 | Ceased 2023-11-23 |
Filing timeline
Last 20 of 65 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-01-02 | TM02 | officers | Termination secretary company with name termination date | |
| 2025-12-18 | AP01 | officers | Appoint person director company with name date | |
| 2025-12-17 | TM01 | officers | Termination director company with name termination date | |
| 2025-11-26 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2025-11-17 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-10-01 | AA | accounts | Accounts with accounts type group | |
| 2025-09-25 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-09-18 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-09-18 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2025-09-16 | CH01 | officers | Change person director company with change date | |
| 2025-07-21 | AD01 | address | Change registered office address company with date old address new address | |
| 2024-09-04 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-07-25 | AA | accounts | Accounts with accounts type group | |
| 2023-11-24 | TM01 | officers | Termination director company with name termination date | |
| 2023-11-23 | AP01 | officers | Appoint person director company with name date | |
| 2023-11-23 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-11-23 | CH01 | officers | Change person director company with change date | |
| 2023-10-09 | AA | accounts | Accounts with accounts type group | |
| 2023-09-20 | CH04 | officers | Change corporate secretary company with change date | |
| 2023-08-23 | CS01 | confirmation-statement | Confirmation statement with updates |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 11
- Capital events
- 0
- Officers appointed
- 1
- Officers resigned
- 2
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.